Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Lloyds TSB -PPI - Full refund . 05/09/06 (As Seen on TV)
Halifax settled in Full.. 22/09/06
TSB First Claim SETTLED IN FULL 19/10/06
Second Claim to Lloyds TSB - Settled in Full
Firstplus - early settlement interest charges - Challenged the use of the rule of 78 - SETTLED IN FULL 12/1/07
PPI - GE Money / Purpleloans / Firstplus - Now Settled after 1 year long hard fight.
If my post has helped you, please click the scales! :grin:
Anything said is my opinion and how I understand the law, always consult professional legal advice before taking something to court.
Quote: "PPI is almost always optional and consumers need to consider their own financial circumstances when deciding to purchase it and make sure they are clear about what will be covered."
That may be the FSA's public statement with regards to PPI, but the reality and practice is often very different.
I remember taking out consolidation loans where the taking up of the PPI was not explained as or offered to me as actually being an optional extra.
I was presented the loan applications with the box for PPI already ticked by the bank, and did not feel I was in a position to question this.
I was acting under the veiled threat of:
"Take out the PPI, or you won't get the loan."
Being in a desperate situation, with time ticking against me, and with the threat of recovery action looming, I felt obliged to concede to it.
In actual fact, having now done further investigation, I now know that some of the consolidation loans I was persuaded to take out would have been WHOLLY unnecessary had I not previously had masses of charges and interest thereon in the first place.
I was therefore effectively taking out loans with the same bank purely and wholly in order to repay unlawful and unfair charges imposed by that very same institution.
Now the charges were also attracting extra added interest, and also PPI (and also interest upon the PPI premium). Also the PPI was actually added as a lump sum at the start of the loan, so that it accumulated interest on the whole sum from day one, rather than accumulating gradual interest over the term which would have been the case if the PPI had been applied as installments, (thus negating any possible benefit from early settlement).
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FSA launches payment protection insurance comparison tables
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